Updated Nov 24, 2023
PFN Lending Group Refinances Retail Property In Oxnard
1100 South Oxnard Boulevard
$1,550,000
$147/SF
Building Size
10,507 SF
Asset Type
Retail
Closing
Jan 20, 2023
About this deal
AI
The recently closed transaction involved a retail property located at 1100 South Oxnard Boulevard in Oxnard. The property spans across 10,507 square feet and consists of a gas station and a car wash. The transaction was a loan refinancing deal.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,550,000
- Loan Type: Refinance
- Loan Terms: 5 / 25 YR ARM, 5.50% Below Market Rate, Gas Station, Car Wash, Owner User
- Lender: PFN Lending Group - Gady Gabrielzadeh
- Landlord: Mojgan Kohanoff
Gady Gabrielzadeh represented PFN Lending Group as the lender in this transaction. The loan provided financing for a gas station, which can be a complex property type to finance due to various factors such as environmental concerns and multiple moving parts. However, PFN Lending Group's diverse loan products demonstrate their expertise in financing specialty properties like gas stations. For commercial, multifamily, and residential financing needs, individuals can contact Gady at 818-Loan-Guy (562-6489).
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93